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...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...trustee board” and communicate with members over the decision....
...and legal advice, and the appointment of trustees for the scheme’s governance....
...Armitt is a former chair of the National Express Group and held senior roles with the Berkeley Group as well as the Board of Transport for London....
...There are always a lot of different interests to manage at the top of a pension plan, but the psychodrama between the board, plan members, the investment staff, the media, and local, regional and national...
...At a meeting held last month, the firm proposed to its board of trustees for Pimco Funds that it consider converting its $141mn Mortgage-Backed Securities Fund from a mutual fund into an ETF, the filing...
...Its £1bn investment trust also had a tough 2023, with the trust’s managers noting that last year was “the worst in the history of Ruffer Investment Company”....
...Early board members included Valérie Baudson, now chief executive officer of Amundi, and Rachel Lord, then head of iShares for Emea and now head of international at BlackRock....
...The US entertainment giant has defeated a challenge to its board from activist investor Peltz, handing a definitive victory to chief executive Bob Iger and ending one of the most expensive and closely watched...
...Ross Goobey managed the remarkable feat of persuading the fund’s trustees to let him invest in equities and dump the fund’s gilts....
...For Mick McAteer, co-director of the Financial Inclusion Centre and a former board member of the Financial Conduct Authority, this is a problem....
...So, to get the volume of investment in UK equities, the government needs the much larger pension fund industry on board, where investment into UK equities has fallen to about 6 per cent....
...boards....
...Her main investment is in an innovative finance Isa with Triodos, through which she funds Thera Trust. This creates homes designed for the needs of people with learning disabilities....
...Fund manager Wright says Just Retirement has the strongest growth potential but the weakest dividend, whereas Phoenix Life and Aviva yield 11 and 7 per cent respectively....
...Rothschild was named chair of the trustees of the National Gallery in 1985....
...One Bill Ackman is still at it to start: The hedge fund billionaire escalated his battle with Axel Springer and its minority investor KKR after a lengthy set of missives....
...Pietro Rocco, head of green finance at the Carbon Trust, told Moral Money that pension funds globally would “not have a material impact on decarbonisation” if they failed to include scope 3 emissions, which...
...Businesses and advisers have called for the reform of the rules governing the annual levy that the UK’s pension lifeboat fund charges employers after the scheme’s surplus ballooned to more than £12bn....
...Since 2021, trustees of the UK’s biggest pension schemes have been required to identify, assess, manage and disclose climate-related risks and opportunities....
...Many executives are tired of the balance sheet volatility, the ongoing risk and potential demands for top-up payments from scheme trustees....
...That’s eye-watering, compared with the usual 0.5 per cent annual fee on a default fund, and more than most private equity investment trusts charge: 11 out of 17 trusts in the Association of Investment Companies...
...A legal compulsion to invest would probably be in conflict with trust law and trustees’ duties, according to experts....
...“It was a very difficult decision,” she told the Financial Times. But in the end, she and Alecta’s board decided: “The loss has decreased trust among customers....
...Both Alecta’s management and board believe the failed US investments fell within the mandate set by the board....
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